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Citrix, Teradata: UBS Cuts Both to Sell on ‘Too Many Moving Pieces’

UBS’s software analyst Brent Thill today cuts his rating on shares of both Citrix Systems (CTXS) and Teradata (TDC) to Sell from Neutral, arguing that there are “too many moving pieces” in the case of both companies. For Citrix, he thinks "the next leg of the story will prove more difficult, as investor attention shifts back towards the core workspace services business,” while for Teradata, the company’s “move to the cloud" "will provide a much-needed reset to financial model expectations,” but it could be a long, messy transition.
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